HUL Q2 Rev, PAT In-Line With Estimates | Ritesh Tiwari & Rohit Jawa | Business News

Earnings With ET Now: FMCG giant Hindustan Unilever (HUL) on Thursday declared its July-September 2023 quarter results, reporting a jump in net profit to Rs 2,717 crore, beating ET NOW estimates of Rs 2,590 crore. HUL’s revenue came in at Rs 15,276 crore, tad lower than the estimated Rs 15,343 crore. The company’s EBITDA stood at Rs 3,494 crore versus ET NOW poll of Rs 3,609 crore. In addition to announcing its quarterly earnings, the FMCG major also declared an 1800 per cent dividend for its shareholders for FY24. The company's sales rose 4 per cent YoY to Rs 15,027 crore in the reporting period. HUL’s EBITDA for the quarter under review came in at Rs 3,694 crore and margins at 24.18 per cent were, however, higher than the estimates of Rs 3,609 crore and 23.5 per cent, respectively.
HUL Dividend Record Date
Hindustan Unilever has announced an interim dividend of Rs 18 per equity share of face value of Re 1 each for the financial year ending March 31, 2024. The record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Thursday, November 2, 2023.
It will be paid to the shareholders on or after Thursday, November 16, 2023. HUL Q2 Results 2024
During the second quarter of current fiscal, HUL’s revenue took a hit due to a decline in prices in soaps. Skin care and colour cosmetics grew in double-digits, driven by focused interventions in new demand spaces and channels of the future. Its food business revenue grew by 2.56 per cent to Rs 3,851 crore versus Rs 3,755 crore.
Shares of Hindustan Unilever settled flat at Rs 2,549 apiece on the BSE on Thursday. HUL stock’s 52-week high is Rs 2,768.50 while 52-week low is Rs 2,393.

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